The 330 Million dollar jackpot in the Mega Lottery that was paid this week reminds me of my own scheme to pay off the national debt.
The government holds a lottery. Dollar bills are the tickets. You take as many dollar bills as you care to gamble, tear them in half. This makes the bill non-negotiable and takes it out of circulation. One half you throw in a mail box. The post office sends all the halves to a big warehouse somewhere, say Phoenix. The other half you keep as a receipt.
For every ten million halves collected, a local citizen, say, for example, Karen Blocher, one of my loyal readers, is allowed to walk into the warehouse, shuffle around the big pile of half dollar bills and pick out one. The serial number on that half of a bill is published. The person holding the other half of that bill with the matching serial number is awarded a million dollars in new cash, TAX FREE.
With each drawing nine million dollars of debt, each dollar bill being a note against the government treasury, is taken off the national debt. Cost to government, ZILCH. (less the cost of shipping all those bills to Phoenix, and a dinner for Karen)
With the national mania for lotteries and the lure of something-for-nothing, this could go on until the entire national debt is paid. Think of the savings in interest the government will make. Taxes could go down.
How about it, Karen? Are you up for this? Free dinner on the tax payers.